News On Demand 26

* MBA GOSSIP FOR TODAY:-

Volkswagen, Porsche seal merger deal:

Europe's biggest auto giant VOLKASWAGEN and luxury car maker PORSCHE said on Thursdaythey had approved a plan to merge their two companies by 2011.

>Volkswagen will initially buy a 42% stake in Porsche by the end of 2009 for 3.3 billion euros (4.7 billion dollars) in a deal valuing Porsche at 12.4 billion euros.

>The group will now work to integrate Porsche as its 10th brand, alongside the Audi, Bentley, Bugatti and Lamborghini ,SEAT,Scania , Škoda Auto.

1.Six of world's top 10 economies out of recession. {TO Read CLICK THE LINK OR PASTE IT IN TOOL BAR.}

http://timesofindia.indiatimes.com/news/business/international-business/Six-of-worlds-top-

10-economies-out-of-recession/articleshow/4892018.cms

British Petroleum

FACT:

>BP (British Petroleum) plc is the third largest global energy company.

>5th largest company in the world.

>Britain's largest company.

HQ: LONDON; ENGLAND

Sunil R@th.